Property profile

10925 N Newport Hwy Spokane, WA 99218

FOR SALE
Retail space
Property ID
US90-0933692
15,264 SF 2.82 ac lot Built 2004
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Pinewater Plaza, located at 10925 N Newport Hwy in Spokane, WA 99218, offers exceptional retail opportunities in Spokane County. This property features a total of 13,265 square feet of vacant space, ideal for multiple tenants. The flexible layout allows for units ranging from a minimum of 1,815 square feet to a maximum contiguous space of 6,800 square feet, catering to a variety of business needs. The property is classified as both retail and land, presenting a unique investment opportunity. The lot size ranges from 0.61 to 0.78 acres, providing ample space for outdoor activities or expansion. The property's location in Spokane offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving market. Currently, the entire 13,265 square feet is available for lease. This is a multi-tenant property, perfect for businesses seeking flexible space options. Interested parties should inquire about lease terms and conditions. The property is situated in Spokane County, Washington.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Total area 15,264 SF
Lot 2.82 ac (123,019 SF)
APN 36171.0110
UPID US90-0933692

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center
  • Military Recruiting Office
  • Military Recruiting Office
  • Military Recruiting Office
  • Bakery Discount Store

Location

10925 N Newport Hwy Spokane, WA 99218
Spokane metro Census 10505 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.44M
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$2.34M

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $3.8M +8.6%
Medical building $3.6M +3.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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